Berry Global : Acquires F&S Tool Inc., Expands Full Plastic Packaging Lifecycle Solutions for Customers
April 09, 2024 at 02:25 pm EDT
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Berry Acquires F&S Tool Inc., Expands Full Plastic Packaging Lifecycle Solutions for Customers
April 09, 2024
Berry Acquires F&S Tool Inc., Expands Full Plastic Packaging Lifecycle Solutions for Customers
Berry Global Group, Inc. (NYSE: BERY) announces its acquisition of F&S Tool, a specialized provider of high output, high-efficiency hot runner injection and high-volume compression molding applications. F&S Tool operates a 90,000 square foot facility located in Erie, Pennsylvania, with 11 issued/pending patents and 105 dedicated employees focused on disruptive technologies to serve a broad spectrum of plastics manufacturers. This acquisition will further enhance Berry's global tooling capability as well as bring proprietary technologies in the closures and bottles space, specifically targeting high-end growth markets.
The unique ability to couple one of the largest available selections of tooling with regionally-based knowledge offers customers ordering product through Berry Global a competitive advantage by providing faster turnaround from start to finish and greater assurance that the molds will fit the production lines Berry works on every day.
"The integration of F&S Tool's talented teams and market-leading innovation capabilities combined with Berry's global operations reinforces the company's commitment to providing customers across the globe with access to its industry-leading range of products in core markets while offering the benefits of local service and speed. We are excited to welcome the legacy F&S Tool team to Berry and begin sharing best practices from the two companies," said Kevin Kwilinski, Chief Executive Officer of Berry Global.
As a global leader in sustainable plastic packaging, Berry Global Tooling Services delivers a comprehensive source of expertise while maintaining regional insights and local support services from across its now more than 11 global tooling manufacturing locations. As a result, Berry's current and future customers will have unique access to a full suite of tooling capabilities, including injection, blow, compression, and thermo-forming molds that can be integrated into their existing product orders.
The acquisition was completed on April 05, 2024.
About Berry
At Berry Global Group, Inc. (NYSE: BERY), we create innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 40,000 global employees across more than 250 locations, we partner with customers to develop, design, and manufacture innovative products with an eye toward the circular economy. The challenges we solve and the innovations we pioneer benefit our customers at every stage of their journey. For more information, visit our website, or connect with us on LinkedIn or X.
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Berry Global Group, Inc. creates packaging and engineered products. The Company operates through four segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene and Specialties, and Engineered Materials. The Consumer Packaging International segment primarily consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, and containers. The Consumer Packaging North America segment primarily consists of containers and pails, foodservice, closures, bottles, prescription vials, and tubes. The Health, Hygiene & Specialties segment primarily consists of healthcare, hygiene, specialties, and tapes. The Engineered Materials segment primarily consists of stretch and shrink films, converter films, institutional can liners, food and consumer films, retail bags, and agriculture films. It is also engaged in offering a full suite of tooling capabilities, including injection, blow, compression, and thermo-forming molds.